LONDON (Reuters) - Brent fell by 10% on Monday, and US crude to below $30, as emergency rate cuts by the US Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
Brent crude was down US$3.58, or 10.6%, to US$30.27 a barrel by 1231 GMT. The front-month price had risen US$1 earlier in the session.
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